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August 1 - China's steel industry profits of 104.7 billion yuan

Sep 05,2018
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n the first three quarters of this year, the national crude steel output of 618 million tons, up 2.3% from a year earlier, the growth is slow compared to 5.7%; Steel output was 838.53 million tons, 5% growth, slow down 6.7%. Coke production 354.34 million tons, down 0.4%, for growth of 8.1% over the same period of last year. Ferroalloy production 27.91 million tons, 6.9% growth, slow down 6.2%. Steel exports of 65.34 million tons, up 39.3%; Import 11.01 million tons, the growth rate of 5%. Iron ore imports 699.07 million tons, an increase of 16.5%. Coke exports of 5.78 million tons, increase 1.1 times.

Steel prices continue to fall. In September, the domestic steel market price index average of 87.96, 3.21 points lower than last month, fell by 13.42 points. Medium plate of 6.5 mm, 20 mm and 1.0 mm manufacture volume average price respectively is 2946 yuan/ton, 3188 yuan/ton and 4043 yuan/ton, respectively than last month fell 197 yuan/ton, 155 yuan/ton, and 53 yuan/ton, down 17%, 12% and 10.9% compared to the same.

1 - August, steel industry profits of 104.7 billion yuan, up 0.7% from a year earlier. Among them, the ferrous metal CaiXuanYe profit is 49.2 billion yuan, down 9.8%; Iron and steel smelting and processing industry profit is 50.8 billion yuan, an increase of 21.2%.

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